Solved: What is the value of the ending inventory, Cost Accounting

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What is the value of the ending inventory

Response to the following problem:

Products x, y, and z are produced from the same process at a cost of $5,200. Five thousand pounds of raw material yields 1,500 X, 2,500 Y, and 1,000 Z. Selling prices are: X $2 per unit, Y $4 per unit, Z valueless. The ending inventory of X is 50 units.

What is the value of the ending inventory if joint costs are allocated using net realizable value?

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Cost Accounting: What is the value of the ending inventory

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